S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

AP1 faster than AP2?

Thread Tools
 
Old 07-09-2005 | 09:43 AM
  #11  
jwa4378's Avatar
 
Joined: May 2005
Posts: 4,331
Likes: 0
From: Tallahassee, FL
Default

Do you fully understand the consequences of leasing a car? You pay for the car each month, and you get NOTHING back in return at the end of your lease. It's like paying rent on an apartment. At least when you finance a used car, the price over 2-3 years isn't going to drop THAT much, and you'll only be out of a few grand. Leasing a car is even worse an investment than buying a car brand new. The best time to buy a car for money purposes (and when the exponential price curve starts to flatten out) is around 3-4 years old.

Say you have a lease for the next 3 years at 300 a month. 3,600 a year x3 is well over 10,000 dollars just to drive a car for a couple of years. A HORRIBLE investment. A lot of people lease cars because they couldn't otherwise drive a nicer newer car. However, you can get a 3 year old S2000 and be making the SAME payments as your lease, and you'll only lose maybe 3 or 4 thousand after 3 years. Let's say the difference then is 2 thousand extra a year to lease it. Is that really worth it just to have a new car? Hell, the difference over 3 years is the price of a Comptech supercharger + aftercooler
It really depends on what kinda of lease he is given. If the residual value that the dealers are quoting you is HIGHER than what you think it will be, or what it actually will be for that matter, leases are great deals. Say the dealer says the $30,000 car will be worth $18000 in 4 years. You think it will be worth less than that, say $15,000 after that same time period. You are only paying $12,000 over those 4 years instead of the $15,000 you would have if you were to purchase and re-sell. If the residuals give by the dealer are LOW and the rates HIGH, you will be screwed. I advise anyone who is going to be taking out a lease invest in a Ti-83 graphic calculator. You can run the Time Value of Money with it and see if the dealer is yanking you chain....some people I know have almost been taken by the dealer because they quoted him a certain price based on a certain rate and a certain residual value. The numbers do not always match up. If you put the residual and the rate into the calculator, it will spit out exactly how much you should pay per month. Pay no more than that number. My room mate was quoted $400 for her new Dakota Sport. She plugged in all the information and got $350 per month. She showed the manager of the lease office and he changed her payments to $350.

Always be a savvy consumer....people are out there to make money off of you. If you do your research, there is no such thing as a bad deal.

John
Old 07-09-2005 | 12:03 PM
  #12  
S2oooNvegas's Avatar
 
Joined: Sep 2003
Posts: 3,361
Likes: 0
From: las vegas
Default

Old 07-09-2005 | 12:42 PM
  #13  
S2Karizma's Avatar
Registered User
 
Joined: Mar 2005
Posts: 627
Likes: 0
Default

This is true only if you have an AP1.
Old 07-09-2005 | 01:45 PM
  #14  
00S2KFAN's Avatar
Registered User
 
Joined: Feb 2003
Posts: 523
Likes: 0
From: McGregor
Default

Dark,

I've owned an AP1 (2000 Silverstone) and just recently purchased an AP2 (2005 Berlina Black). The AP1 is a blast to drive especially with the few extra RPMs. I found myself having to get used to the lowered limit on the AP2 since I was used to revving out to 9K. The AP1 will come around on you a little faster than the AP2. The contact patch on the AP2 is significantly more and the suspension is tuned differently. I would suggest looking into a used 03-04 model from a Honda dealer. If you can find a certified used S2000 at the dealer they will have their 4 year 48000 mile warranty attached (4 years from original date of purchase when the car was new). I put 55-60K miles on the AP1 I had with no issue so these are a quality built car even with the rabid high rev engine. Either way you go...you will probably want to buy because trust me, this car grabs you and doesn't let go (not even after 3 years of ownership).

Goodluck

BTW JWA4378...You can also do the time value of money on the cheaper financial calculators made by HP and TI (30 bucks compared to 100 or so for the TI-83). Dark could use extra 70 bucks for a good detailing lol. Good advice though
Old 07-09-2005 | 02:07 PM
  #15  
OCMusicJunkie's Avatar
Registered User
 
Joined: May 2005
Posts: 2,552
Likes: 1
From: Orange County
Default

Like everyone said, there really is no difference in speed between the two cars. However, the AP1 does have higher theoretical top-end with the gearing... so if you travel over 150mph on a regular basis, you might consider that.

I'd never lease a car, but it's more a personal thing. I like knowing that I own the car, that I can keep it as long as I'd like, and modify it the way I see fit. For some people, leasing can actually be a sound financial move.

If you are always trading cars in every 2-3 years, leasing will likely be cheaper. Leasing... $300/mo for 36 months will cost you $10800 (+ drive-off). Buying the car for $30k and trading it in for $19-20k in three years will also cost you $10-11k. You really just have to decide if the option to keep the car longer than three years is worth the increased payments of a purchase.

In any event... get an AP2. Buy an 04 used, or lease an 05. I was torn between an 03 or new 05, but I'm thrilled with my decision.
Old 07-09-2005 | 02:23 PM
  #16  
DARK6mt's Avatar
Thread Starter
Registered User
 
Joined: Jun 2005
Posts: 203
Likes: 0
Default

Originally Posted by 00S2KFAN,Jul 9 2005, 01:45 PM
Dark,

I've owned an AP1 (2000 Silverstone) and just recently purchased an AP2 (2005 Berlina Black). The AP1 is a blast to drive especially with the few extra RPMs. I found myself having to get used to the lowered limit on the AP2 since I was used to revving out to 9K. The AP1 will come around on you a little faster than the AP2. The contact patch on the AP2 is significantly more and the suspension is tuned differently. I would suggest looking into a used 03-04 model from a Honda dealer. If you can find a certified used S2000 at the dealer they will have their 4 year 48000 mile warranty attached (4 years from original date of purchase when the car was new). I put 55-60K miles on the AP1 I had with no issue so these are a quality built car even with the rabid high rev engine. Either way you go...you will probably want to buy because trust me, this car grabs you and doesn't let go (not even after 3 years of ownership).

Goodluck

BTW JWA4378...You can also do the time value of money on the cheaper financial calculators made by HP and TI (30 bucks compared to 100 or so for the TI-83). Dark could use extra 70 bucks for a good detailing lol. Good advice though
Thank you for your detailed information. This was the answer I was hoping for and you nailed it!

I think I will take my time (since I didn't even post my car for sale yet) and look for used 02 to 03, other than that I am gonna test drive at a local dealership and experience the famous AP2 engine at 8000!!!!

thank you for everyone's help. I hope my next post will be introduction to my new baby.

Dark
Old 07-09-2005 | 02:34 PM
  #17  
00S2KFAN's Avatar
Registered User
 
Joined: Feb 2003
Posts: 523
Likes: 0
From: McGregor
Default

Goodluck man...just remember with an S2K you can go wrong AP1 or 2!
Old 07-09-2005 | 03:02 PM
  #18  
cthree's Avatar
Administrator
20 Year Member
 
Joined: Oct 2000
Posts: 20,274
Likes: 4
From: Toronto, Canada
Default

Lease a new one for $299/mo
Old 07-09-2005 | 03:32 PM
  #19  
feistyS2K's Avatar
Registered User
 
Joined: Apr 2003
Posts: 6,403
Likes: 0
From: BayArea to SoCal and back!!
Default

Also keep in mind, when leasing, you are limited to the amount of miles you can put on it if you intend on turning it back in at the end of the lease!
Old 07-09-2005 | 04:07 PM
  #20  
jasonw's Avatar
Registered User
 
Joined: Mar 2005
Posts: 16,702
Likes: 0
From: █ SF, CA █
Default

Originally Posted by feistyS2K,Jul 9 2005, 04:32 PM
Also keep in mind, when leasing, you are limited to the amount of miles you can put on it if you intend on turning it back in at the end of the lease!


You never now when your commute might increase in mileage with a new job or you might find a mistress in another zip code...


Quick Reply: AP1 faster than AP2?



All times are GMT -8. The time now is 03:31 AM.